Put/Call ratio has been steadily declining since last week's
sell off meaning sentiment continues to grow positive.
Getting a chart of the ratio vs. market moves over time would
be interesting. Love this page->
http://www.cboe.com/data/current-market-statisticsto see which
way the wind is blowing. More important however (since winds
can change fast) is when the readings go too far in either
direction as BPT has taught me. That is really the name of
the game where your risk/reward ratio is 20/80 and you go balls
out. This requires patience vs. taking every dam thing that
looks juicy. BtW I think BYND looks prime for a HUGE
correction on a 1 yr time frame. So much competition brewing
that the valuation is absurd. I'm thinking 100 easy peasy.
Waiting for it to get back to 180 (if it get's there soon)
and then gonna short it on a leap.
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Put/Call ratio has been steadily
Posted by deep on 21st of Aug 2019 at 04:13 am
Put/Call ratio has been steadily declining since last week's sell off meaning sentiment continues to grow positive. Getting a chart of the ratio vs. market moves over time would be interesting. Love this page-> http://www.cboe.com/data/current-market-statisticsto see which way the wind is blowing. More important however (since winds can change fast) is when the readings go too far in either direction as BPT has taught me. That is really the name of the game where your risk/reward ratio is 20/80 and you go balls out. This requires patience vs. taking every dam thing that looks juicy. BtW I think BYND looks prime for a HUGE correction on a 1 yr time frame. So much competition brewing that the valuation is absurd. I'm thinking 100 easy peasy. Waiting for it to get back to 180 (if it get's there soon) and then gonna short it on a leap.